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translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a hard-line stance on diplomacy. however, on the same day he told a senior military commander to prepare strong missile units for possible conflict. >>> lawmakers in the u.s. senate have offered japanese government officials reassurance on the senkaku island. they unanimously approved a key defense bill stating the u.s. is covered by the u.s./japan security treaty. the national defense authorization act sets the framework for the defense budget. the legislation was amended to state the u.s. acknowledges japan's administration of the islands. but it stresses that the american government takes no official position on the islands' sovereignty. the bill also reaffirms the u.s. commitment to japan under article v of the bilateral security treaty. the article says the american military will
translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a hard-line stance on diplomacy. however, on the same day he told a senior military commander to prepare strong missile units for possible conflict. >>> lawmakers in the u.s....
WHUT (Howard University Television)
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Dec 6, 2012
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translator: looking at china's history, cultural traditions and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hardline stance on diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption among party officials. he and the rest of the new leadership are reportedly planning to overhaul the structure of government. government sources say the leaders plan to cut one in three ministries from 27 to 18. they're planning to do away with the railway ministry and transfer its function to the communications ministry. critics say poor oversight led to the crash last year of a high-speed train. 40 people were killed. and the former head of the railways ministry was dismissed in a bribery scandal. officials in the agriculture ministry will take over the responsibilities of the water resources ministr
translator: looking at china's history, cultural traditions and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hardline stance on diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption...
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translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hard-line stance in diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption among party officials. he and the rest of the new leadership are reportedly planning to overhaul the structure of government. government sources say the leaders plan to cut one in three ministries from 27 to 18. they're planning to do away with a railways ministry and transfer its functions to the communications ministry. critics say poor oversight led to the crash last year of a high-speed train. 40 people were killed. and the former head of the railways ministry was dismissed in a bribery scandal. officials in the agriculture ministry will take over the responsibility of the water resources ministry
translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hard-line stance in diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption...
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market relative to china. now roughly 60% of mexico's gross domestic product is in kansas city southern rail corridor, and kansas city southern's mexico business grew auto volumes at an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audi will be opening new plants. bmw has. crazy, huh? bmw. over the time frame, mexican auto production is expected to surge from 2.5 million vehicles a year to 3.5 million. i think that's low versus what will ultimately be. and kansas city southern and kansas city southern believes they will have 50% market share. kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining c
market relative to china. now roughly 60% of mexico's gross domestic product is in kansas city southern rail corridor, and kansas city southern's mexico business grew auto volumes at an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audi will be opening new plants. bmw has....
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but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization exercise in human history, building something like 221 new cities. so there's no did you tell that some of the buildings and roads or even shopping malls may in the short term appear empty. and then that fits into the kind of speculation there will be a huge asset or property bubble that's bound it on burst. but don't forgetbeginning, a lo buildings. and don't forget the speed of the urbanization process is going on in china. but as a national strategy also to balance the economy away from the capital kind of investment towards domestic consumptio
but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization...
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tavis: i was just reading an article the other day on the role that china is now playing on the continent, and if one wanted to be really aggressive, some could argue that china is decolonizing -- re-colonizing the continent. >> i can understand the anxiety in some respects. the european countries, for instance. china, after its phase of communism, they have amassed capital and is expanding that capital in a favorable terms. being able to look at the terms of a new economic force in the world. they probably need the african governments to safeguard what they have one after years, decades, a couple centuries to european powers and make sure they do not sell them, but as far as economic trading relationships are concerned, material, in exchange for technology, in exchange even for political alliances, i always wondered about that. tavis: made the argument is because free enterprise and colonization sometimes goes hand in hand. in africa and parts of the world under the guise of free enterprise. >> unfortunately, it does not stand the test of argument. if you say it is a free market. then th
tavis: i was just reading an article the other day on the role that china is now playing on the continent, and if one wanted to be really aggressive, some could argue that china is decolonizing -- re-colonizing the continent. >> i can understand the anxiety in some respects. the european countries, for instance. china, after its phase of communism, they have amassed capital and is expanding that capital in a favorable terms. being able to look at the terms of a new economic force in the...
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Dec 6, 2012
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if china mobile extracts big concessions to the u.s. providers, then go back and do the same. that's the principal issue. the other thing you're coming to the most important quarter in apple's recent memory and that's because you've had so many product launches coming in this last quarter they've really got to hit the cover off the ball. having said all that i still think apple long-term is a value play here, i still think it's a growth play, so it's just the right time to get in. >> dennis? >> joe brighton brings up the topic of a generational circumstance. going back a generation to me this reminds me of what happened in the early 1970s when you had the wonderful nifty 50 stocks you were supposed to own forever, all of which are wonderful companies -- >> 1970s or 1870s? >> i look like i was from the 1870s but apple is a wonderful company but not a good stock at this point. you have to be careful here. >> stephanie, what do you do, sitting there at home watching what all of us say as america's best loved stock, most valuable company on earth and watch it fall as far as it's f
if china mobile extracts big concessions to the u.s. providers, then go back and do the same. that's the principal issue. the other thing you're coming to the most important quarter in apple's recent memory and that's because you've had so many product launches coming in this last quarter they've really got to hit the cover off the ball. having said all that i still think apple long-term is a value play here, i still think it's a growth play, so it's just the right time to get in. >>...
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walls prisons in fact advertise themselves as such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that starkly has been going out of this country and we're putting it you know inside the walls and it's absolutely a perfect idea. i have a workforce that is not the kind of problems or babysitting center there are always here and there always come to learn bring your business or leave a wide variety of industries take advantage of prison labor among many other things prisoners make clothing textiles electronics furniture and even solar panels hundreds of companies have used prison labor directly or through subcontractors including microsoft boeing starbucks secret and others by federal tax. rate compensated up to forty percent of the way to generate returns prayers to howards the need to provide medical
walls prisons in fact advertise themselves as such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that starkly has been going out of this country and we're putting it you know inside the walls and it's...
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china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best products in the world and it's inexpensive. >> that's a lot of people looking at the chart. >> look again, the people who own apple, they were the ones who owned it because it was going up. it reminds me very much in 1999, what do i do with my nortel, it's at 110. in the meantime, roth, the ceo gives a session, an off the record session, or a session where he bashed 15 people. and said you know what? we're going to miss the numbers really big. apple is not nortel, but it trades like those that do and people get into the rut of saying i got
china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best...
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china operations are the day. the gold fever. turns thousands into slaves. my father but also among other involved in the monsoon and since i started working in amman i stated. food multinationals. to cash cow to be milked dry and use but i think that in this country is gold medal logie as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. we are forced to pay protection to illegal groups what price is colombia going to pay. for the for the modest effect on r.t. . this is a welcome back while the rest of the us may be struggling who work there is currently a real boom of job offers for mates in the country but states and some of the biggest private companies are now enjoying the fruits of a cheap and readily available workforce with tons of millions of dollars spent by private prisons to keep their jails for our she's going to stick around takes up the story. in the us the market for cheap labor is booming behind bars in the la
china operations are the day. the gold fever. turns thousands into slaves. my father but also among other involved in the monsoon and since i started working in amman i stated. food multinationals. to cash cow to be milked dry and use but i think that in this country is gold medal logie as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. we are forced to pay...
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make it here and you don't have to ship from china, saving a lot of money. suddenly, the math isn't adding up. so, they are decides that made in america makes more sense. >> yes, it's an economic question about being made in america. it's not necessarily a patriotic question. it's an economic question. >> reporter: one that also creates a ripple effect here at home. the other jobs created. just last night, we introduced you to arianna russell in st. louis, making her own iphone cases and determined to make her design here in america. so, you found a way to do it here. >> i found a way to do it here. >> reporter: there was so much interest in those cases last night that her website crashed within five minutes of our report. but it's back up and running tonight and she tells us she sold 2,000 of the cases in 2 hours. on this larger announce m from apple tonight, we reached out to our team of economists and they all echoed one another, saying this is about more than just good will. it's now good business. and this move puts an exclamation point on the trend we'
make it here and you don't have to ship from china, saving a lot of money. suddenly, the math isn't adding up. so, they are decides that made in america makes more sense. >> yes, it's an economic question about being made in america. it's not necessarily a patriotic question. it's an economic question. >> reporter: one that also creates a ripple effect here at home. the other jobs created. just last night, we introduced you to arianna russell in st. louis, making her own iphone...
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south china sea. again, we initiated this from the staff members in our office. i could go on. let me just say that the other areas, important areas that our staff have worked on in the past six years include our pioneering work and economic fairness, the need for stronger programs in the areas of adult education, the efforts from inside our office to encourage a full spectrum of energy development, the preservation of civil war battlefields and the vital need to rebalance the constitutional relationship between the congress and the presidency, which i have pursued in both administrations that have been in office while i have been a member of the united states senate. and at this point, because i really will not have time to list all of the contributions by my staff members, i would ask unanimous consent, mr. president, the names and the positions of my staff members be entered into the record at this point. the presiding officer: without objection, so ordered. mr. webb: thank you, mr. president. and
south china sea. again, we initiated this from the staff members in our office. i could go on. let me just say that the other areas, important areas that our staff have worked on in the past six years include our pioneering work and economic fairness, the need for stronger programs in the areas of adult education, the efforts from inside our office to encourage a full spectrum of energy development, the preservation of civil war battlefields and the vital need to rebalance the constitutional...
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says you cues china of repeatedly and yet you don't see the same kind of vitriol being pointed at china which may well be because china owns so much of the u.s. this paper at this point that they be sort of pointing their finger at the boss what about canada that's said to be in the process of drafting something very similar again yes russia what would why canada what are their reasons that canada has been voting and acting in concert with the united states for the last few years now if you look at the votes on israel for example you'll find the united states canada guam and you know like some small rock in the middle of the pacific voting on one side and the rest of the world on the other i can explain exactly what that dynamic is is that. as a candidate in lockstep with the u.s. one of the stork we can it has been a lot of progress in the way that it's treated for the national interest but that's been going on for a while and i cannot explain it it makes no sense just briefly you said earlier that the jackson family could dream of dropping that is a positive stage and you did give an
says you cues china of repeatedly and yet you don't see the same kind of vitriol being pointed at china which may well be because china owns so much of the u.s. this paper at this point that they be sort of pointing their finger at the boss what about canada that's said to be in the process of drafting something very similar again yes russia what would why canada what are their reasons that canada has been voting and acting in concert with the united states for the last few years now if you...
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china. i respect samsung but apple still has cache. >> i think the bottom line from the stock perspective and getting away from the company a little bit -- because we all know all of the size of it and how much cash and all of that. just looking at the stock itself, this thing is up 8,000% the last ten years. don't think that anyone should be looking at it as having that opportunity or anything even remotely close to that going forward. so when tony says the story's changing, it is changing, but changing doesn't necessarily mean it's going somewhere negati negative. it's just going to be a different type of opportunity. >> well said as always, josh. but you also probably made the case for the capital gains sale excuse that a lot of people have been throwing out there. >> it's up 40% this year versus an s&p that's up closer to 10%. don't be shocked. everyone owns it. >> tony is right, ecosystem is worth a great deal of money. if you split up the iphone, i-mac, the iphone, it wouldn't be the s
china. i respect samsung but apple still has cache. >> i think the bottom line from the stock perspective and getting away from the company a little bit -- because we all know all of the size of it and how much cash and all of that. just looking at the stock itself, this thing is up 8,000% the last ten years. don't think that anyone should be looking at it as having that opportunity or anything even remotely close to that going forward. so when tony says the story's changing, it is...
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also planning to extend overseas making china the second biggest market in the world. this might indicate the company to be making a turnaround at the closing to percent of its u.s. to respect in the late. obamacare is going to hurt both doctors large and big businesses. our next guest is a small -- a doctor and not read the small business. sorry about that makes up. you are a doctor, chiropractor, and you operator chiropractic office like a small business. >> yeah that right. stuart: you're going to stop taking any kind of insurance. you want cash only. >> the thing is, i decided to start a 1-1 i realize that the bureaucracy was trying to tell me how the practice. but terry is when they come and pay for a service that deserve the best. the reservoir on the percentage you. if i have to talk to somebody about how i treat them and i commend you for it. unlike with your doing. if your clients are paying hard-earned money to see me 90100 percent of me. i sent to a five page letter firing the insurance companies. if you want to change things i love to come back . stuart: th
also planning to extend overseas making china the second biggest market in the world. this might indicate the company to be making a turnaround at the closing to percent of its u.s. to respect in the late. obamacare is going to hurt both doctors large and big businesses. our next guest is a small -- a doctor and not read the small business. sorry about that makes up. you are a doctor, chiropractor, and you operator chiropractic office like a small business. >> yeah that right. stuart:...
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we all know that the united states and china the biggest polluters, china is building more coal plants. how do we get them to see this issue the way we do. there is a legitimate point being made by the other side. we don't matter if the chinese continue to spew co2 in the atmosphere. how do you confront that issue. >> as you know, the chinese and other developing countries say hey, you're the rich countries you got rich polluting and you're not even willing to reduce your own emissions. now you want to stop us from doing this, and you won't help us with clean energy technologies. the answer is we need leadership. if the united states could meet its commitment that obama made, then we could go at international negotiations, and develop an agreement. i think the chinese understand that ultimately building all these coal plants is going to hurt them more than us because they've got more people. they've got a lot of people along the coast lines. they have a lot of people living in very dry arid conditions that will just get drier. they have a lot of mouths to feed and they're drawing down
we all know that the united states and china the biggest polluters, china is building more coal plants. how do we get them to see this issue the way we do. there is a legitimate point being made by the other side. we don't matter if the chinese continue to spew co2 in the atmosphere. how do you confront that issue. >> as you know, the chinese and other developing countries say hey, you're the rich countries you got rich polluting and you're not even willing to reduce your own emissions....
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smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the br
smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane...
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so all my god china again trying to get involved certainly something that people are saying basically congress by voting against this. precaution is just you know trying to score some political points trying to kind of keep the power on its territory you know but of course when we see attempts in the u.s. to block anonymous comments online and of course you don't wiretapping and monitoring things online warrantless li it's a whole different story nobody's screaming and voting you know unanimously against that regulating the internet within u.s. borders is kind of what the ideal is but the u.n. stepping in is taking it too far so it certainly is certainly something that looks like the way the congress is reacting to this if it's a matter of internet freedom that it can control that it's a whole different story when it comes to the u.n. body the u.s. is saying no thanks we'll deal with our things by ourselves and resting on a stasi a thank you that was our correspondent honest. and that it was story we're always covering the revolving door between legislators and lobbyists probably beca
so all my god china again trying to get involved certainly something that people are saying basically congress by voting against this. precaution is just you know trying to score some political points trying to kind of keep the power on its territory you know but of course when we see attempts in the u.s. to block anonymous comments online and of course you don't wiretapping and monitoring things online warrantless li it's a whole different story nobody's screaming and voting you know...
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from real point of view of the best way to fix all that well all over the world including in china and russia and in europe and in in the united states internet surveillance is increasing and it's quite breakneck speed so a solution would be. to at least try and come to some international standard of how to resolve all this and what does privacy mean i know that this is a very ambitious goal but as we all move into the internet and as we all as it all becomes a part of our daily lives free speech and privacy online is becoming ever more important. right on by have from the netherlands so many thanks indeed for sharing your views that. syria's chemical weapons arsenal is again whipping up a frenzy at least in the us media an unnamed american official has reportedly said damascus has begun its chemical stockpiles it's impossible to verify though skeptics are saying rumors are being spread intentionally to justify greater aid for rebels or even intervention meanwhile another car bomb has gone off in damascus as turmoil in syria's seeps and beyond the country's borders middle east expert d
from real point of view of the best way to fix all that well all over the world including in china and russia and in europe and in in the united states internet surveillance is increasing and it's quite breakneck speed so a solution would be. to at least try and come to some international standard of how to resolve all this and what does privacy mean i know that this is a very ambitious goal but as we all move into the internet and as we all as it all becomes a part of our daily lives free...
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conversation today, running from ad campaign all the from samsung, to the amount of business they do in china, and why can't those jobs be here. why can't you be a made in america company? >> you know, this iphone, as a matter of fact, the engine in here is made in america. and not only are the engines made in america, but engines are made in america that are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states. next year, we will do one of our existing mac lines in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said get everybody out of china, and do whatever you have to do. make these, make everything you make in the united states, what would that do to the price of this device? >> honestly, it is not so much about price, it is about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. not necessarily people, but the education, the ability to produce them. >> that is sad, how do we ge
conversation today, running from ad campaign all the from samsung, to the amount of business they do in china, and why can't those jobs be here. why can't you be a made in america company? >> you know, this iphone, as a matter of fact, the engine in here is made in america. and not only are the engines made in america, but engines are made in america that are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united...
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china plays a big role in starbucks' expansion plans. coffee chain hopes to have 1500 stores in china by 2015. >>> we all love the smell of pizza just out of the oven. >> but do you love it enough to spray it on your neck? coming up pizza perfume. does this idea stink or is it genius? >> not really. >> all right let's talk about what's going on because we are dealing with some very cold temperatures but the 60s are in the forecast. when they come back coming up. >> everything is nice can clear here on -- ask clear here on route 95 in harford road. what traffic looks like on 695 and 83 coming up on "good morning maryland." >>> well the happiest place on earth is about to get a lot bigger. today the new fantasyland opens in orlando. it features new villages like the be our guest restaurant. the addition will cost $425 million. it will be doubling the sides of that portion of the magic kingdom. disney says it's the largest expansion in the park's history. >>> take a minute and imagine that fresh smell of pizza. thanks to pizza hut you can a
china plays a big role in starbucks' expansion plans. coffee chain hopes to have 1500 stores in china by 2015. >>> we all love the smell of pizza just out of the oven. >> but do you love it enough to spray it on your neck? coming up pizza perfume. does this idea stink or is it genius? >> not really. >> all right let's talk about what's going on because we are dealing with some very cold temperatures but the 60s are in the forecast. when they come back coming up....
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if china bounces back quicker than we anticipate, or if europe flattens out. we're optimistic next year. we want to make sure our clients are in this market. >> scott, good to have you on the program. >> all right. thanks, guys. >> you know, he's not alone. lots and lots of analysts are coming out with their forecasts for next year. pretty bullish. >> even morgan stanley, right? >> yeah, for once. all right. heading toward the close here with about 12 minutes left. the dow hanging on to a gain of about 30 points. >> the situation with anti-virus software pioneer john mcafee is going from strange to surreal. he's now in custody. now reportedly has had two heart attacks. we're going to tell you the latest on this bizarre and evolving story. >>> also, the ceo of accounting giant recently met with president obama. he say miss other ceos in that meeting agreed the tax rates for the wealthy have to rise as part of any fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in
if china bounces back quicker than we anticipate, or if europe flattens out. we're optimistic next year. we want to make sure our clients are in this market. >> scott, good to have you on the program. >> all right. thanks, guys. >> you know, he's not alone. lots and lots of analysts are coming out with their forecasts for next year. pretty bullish. >> even morgan stanley, right? >> yeah, for once. all right. heading toward the close here with about 12 minutes left....
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wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the world you'll find the extraordinarily comfortable slp number experiee. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to yourize d shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodie i
wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [...
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>> well, he didn't speak to motive but i am guessing, tyler, given all the talk about china, given all the china problems they've had, working conditions, salaries, his forced trip over there, i'm guessing they think this would and good idea. they talk a lot about skilled labor over here and not educating the kinds of workers they need. but it's just one of the points he kind of scatters through this first real interview which was months upon months in the making, as i need not tell you. >> yes, indeed. sometimes dealing with apple, it takes a long, long time to get through. but once you do, they're very forthcoming. brian, did he speak at all to -- i don't want to use the word burden but in some ways it is a burden. they don't produce a lot of products every year but they do produce products that they consider revolutionary, that changes for the greater good the american society and the way business is done. that's a pretty heavy burden and mantel to carry for a company and for a ceo. >> it is. americans all around the world, when people get a little harsh on what happened to the amer
>> well, he didn't speak to motive but i am guessing, tyler, given all the talk about china, given all the china problems they've had, working conditions, salaries, his forced trip over there, i'm guessing they think this would and good idea. they talk a lot about skilled labor over here and not educating the kinds of workers they need. but it's just one of the points he kind of scatters through this first real interview which was months upon months in the making, as i need not tell you....
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. >> sreenivasan: the typhoon is now swirling over the south china sea. it's expected to break up by the weekend. washington state is now the first state in the nation where recreational use of marijuana, by adults, is legal. the new law was approved by voters last month, and took effect at midnight. in seattle, about 100 people marked the occasion by smoking joints beneath the city's iconic space needle. technically, doing that in public remains against the law. marijuana is still illegal under federal law. but the justice department has not said if it will try to block the washington state law or a similar statute in colorado. same-sex marriage also became legal in washington state today, and in maryland. gay and lesbian couples in both states began picking up marriage licenses. those in washington state have to wait three days to be married. same-sex weddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless
. >> sreenivasan: the typhoon is now swirling over the south china sea. it's expected to break up by the weekend. washington state is now the first state in the nation where recreational use of marijuana, by adults, is legal. the new law was approved by voters last month, and took effect at midnight. in seattle, about 100 people marked the occasion by smoking joints beneath the city's iconic space needle. technically, doing that in public remains against the law. marijuana is still...
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, i think that -- >> china i think is showing growth. europe may not show growth in my lifetime, but they're going to be bailed out. do you think stock market -- i know it's had a mini correction since mid september, but it may be coming back now. question, does the stock market in its wisdom see a deal from washington on fiscal policy? >> i think that the stock market has already -- doesn't care about that anymore. we're on to the next thing. >> what is the next thing? >> even if they don't come the a deal, they will two weeks later. >> so might come in the new year. >> it might come in the new year. >> january, stocks are already discounting that. >> with band aids and glitter stickers, something is going to happen eventually. we have discounted that. this has been on the table for two years. this is not a new thing. it's their way of staying in the spotlight. >> question, apple which lost 6% today, apple is down about 24% since mid september. >> that's right. >> is apple the way -- you know, when we used to look at ge, the way we used
, i think that -- >> china i think is showing growth. europe may not show growth in my lifetime, but they're going to be bailed out. do you think stock market -- i know it's had a mini correction since mid september, but it may be coming back now. question, does the stock market in its wisdom see a deal from washington on fiscal policy? >> i think that the stock market has already -- doesn't care about that anymore. we're on to the next thing. >> what is the next thing?...
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reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust your size and shape. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each oyour bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% sav
reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable...
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from china. somebody could have hacked in from another country and started that attack from a chinese server inbound to the u.s. but the fbi's very, very, you know, keen on this stuff, so i'm sure the end source was china. megyn: they say that he not only is he, obviously, the former chairman of the joint chiefs, but that right now he is on a state department board that's been appointed to review what happened in benghazi, libya, on 9/11 of this year, he is on an advisory board at the state department and one at the cia. so clearly, this man has got important matters on his desk. how exposed could we be if the chinese have access to all of his writings? >> very exposed. and this is nothing new. if you take a look at a typical burglar and he wants to break into a yard and has this hardened lock on a fence that he cannot cut through, what is he going to do? he's going to cut the chain. we're not going to go after a facility that spends billions of our tax dollars on securing their networks. we're g
from china. somebody could have hacked in from another country and started that attack from a chinese server inbound to the u.s. but the fbi's very, very, you know, keen on this stuff, so i'm sure the end source was china. megyn: they say that he not only is he, obviously, the former chairman of the joint chiefs, but that right now he is on a state department board that's been appointed to review what happened in benghazi, libya, on 9/11 of this year, he is on an advisory board at the state...
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. >> there's a lot made in china and india and other places, that flood into america and europe. what responsibility do businesses have that sell these products to try to find out what is going on at the origin of them? in terms of the sweatshops for the young kids? >> piers, good businesses will be checking the supply chains. they will be pretty sure where the goods are coming from. but businesses have to recheck, now that we know this christmas trade is being done. they've got to ask about who is the supplier? they've got to check whether the suppliers are using child labor. and they've got to monitor the conditions. there's got to be a combined effort from the companies themselves and from the governments of individual countries where we know child labor is being practiced. we managed with the help of the global march against child labor, an indian campaign, to get these children released from what was effectively slavery and bondage. they'd been trafficked into that trade, sold by relatives or by friends of the family, into being slaves. and we need greater vigilance on the p
. >> there's a lot made in china and india and other places, that flood into america and europe. what responsibility do businesses have that sell these products to try to find out what is going on at the origin of them? in terms of the sweatshops for the young kids? >> piers, good businesses will be checking the supply chains. they will be pretty sure where the goods are coming from. but businesses have to recheck, now that we know this christmas trade is being done. they've got to...
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starbucks has thousands of stars in the americans, but it's also investing in china. how china is quickly becoming the company's fastest growing market, and why star buck has agreed to pay more tacks in the united kingdom. nded back in 189, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> responding to a public outcry from across the pond. starbucks executives says the coffee company will pay more taxes in the company starting next year. the payments will amount to about $16 million u.s. starbucks along with google and amazon have been using legal loopholes to minimize their corporate taxes in britain. execs of all three companies recently got a public -- >> despite the fact that starbucks, how much money it makes. it's kind of like a drop in the bucket. >> well, yeah. yesterday we pointed out that betw
starbucks has thousands of stars in the americans, but it's also investing in china. how china is quickly becoming the company's fastest growing market, and why star buck has agreed to pay more tacks in the united kingdom. nded back in 189, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of...
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and in china and the asia pacific region, there's plenty of room to grow. starbucks expects china will overtake canada as its second largest market in 2014. >> great to have you. thank you. and forbes is out with a list of the world's most powerful people. number five, pope benedict xvi. bill gates is number four. of course the microsoft found are and philanthropist. number three, russian president vladimir putin. number two is almost the most powerful woman, angela merkel and number one was unanimous, president barack obama. ♪ everybody wants to rule the world ♪ r ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions.
and in china and the asia pacific region, there's plenty of room to grow. starbucks expects china will overtake canada as its second largest market in 2014. >> great to have you. thank you. and forbes is out with a list of the world's most powerful people. number five, pope benedict xvi. bill gates is number four. of course the microsoft found are and philanthropist. number three, russian president vladimir putin. number two is almost the most powerful woman, angela merkel and number one...
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and you know, people in china are asking about the fiscal cliff. everywhere we went. what's going on with you people? so the world is watching. and it's not just us. and i don't care, maybe you think the chinese, well, too bad for them, but it's not just the chinese, it's europe, and they're blaming the fact that their economies aren't going based on the fact that we're in this stalemate. you know, it's huge. >> harold, i mean, it all comes down to leadership. you know, when you talk to business owners, they want leadership shown. i'm glad the president is talking to business leaders now. >> and a debater on the phone. >> not only the administration but also on the other side of pennsylvania avenue with the republicans and harry reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves c
and you know, people in china are asking about the fiscal cliff. everywhere we went. what's going on with you people? so the world is watching. and it's not just us. and i don't care, maybe you think the chinese, well, too bad for them, but it's not just the chinese, it's europe, and they're blaming the fact that their economies aren't going based on the fact that we're in this stalemate. you know, it's huge. >> harold, i mean, it all comes down to leadership. you know, when you talk to...